XK34X5FIKRMPNDAKMO4XHU5CHI Celsius Network facing bankruptcy after revealing $1.19 bln hole

Celsius Network facing bankruptcy after revealing $1.19 bln hole

Celsius Network listed a $1.19 billion deficit on its balance sheet in a bankruptcy court filing on Thursday.

The cryptocurrency lender had $40 million in claims against Singapore-based Three Arrows Capital, a crypto hedge fund that filed for bankruptcy earlier this month.

As of July 13, Crypto had about 23,000 outstanding loans to retail borrowers totaling $411 million backed by collateral with a market value of $765.5 million in digital assets.

 

 

XK34X5FIKRMPNDAKMO4XHU5CHI Celsius Network facing bankruptcy after revealing $1.19 bln hole
Celsius Network facing bankruptcy after revealing $1.19 bln hole 3

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